SAP: UBS still buying after results

(CercleFinance.com) - SAP has reported a 22% increase in non-IFRS EPS to E4.
53 and a 25% increase in non-IFRS operating income to E8.15bn for FY 2024, exceeding its target range of E7.8bn to E8bn.

Following this publication, UBS confirms its Buy recommendation on the stock, with an unchanged target of E283.

Key performance indicators were solid for Q4, and the 40% growth in order book for the year was remarkable. EBIT guidance is 4% to 7% above expectations, UBS says.

For FY 2025, SAP expects non-IFRS operating income of E10.3bn to E10.6bn, as well as cloud and software sales of E33.1bn to E33.6bn, with a slight slowdown in current cloud backlog growth.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.